Tong Ge’s 9.1 ETH strategy
$ETH : Enter shorts around the current price of 2460-2480, stop-loss at 2500, first target 2400, second target 2350.
Current price: 2459. ETH is still the same as before: it does not follow when BTC falls, but acts strong again when rebounding. After being dumped from 2384 yesterday, it slowly climbed back, looking forceful, but volume failed to keep up. This kind of rebound is more of a recovery after an excessive drop, not a reversal.
Focus on 2460-2480 today. If it fails to break higher, continue adding to shorts; if it holds above 2500 with strong volume, reasses